Financials Week of 2/5
Greetings all,
AIG: We placed the stop at 66.75 as the stock dipped below the 100 moving average and then is currently testing that very line. Recent bloggers and investing gurus have blessed AIG's fundamentals, which is why I did not opt for a all-out liquidation.
MER: Merrill had a quite week, adding about $1. They paid out a rather immaterial law suit to investors, which they shook off due to additional reports praising 2007 M&A activity.
C: Citigroup is currently getting slammed by the media for its mgmt problems, which eventually will blow over. Charles Prince is focusing on cutting expenses to be a more tight ship.
Rich
AIG: We placed the stop at 66.75 as the stock dipped below the 100 moving average and then is currently testing that very line. Recent bloggers and investing gurus have blessed AIG's fundamentals, which is why I did not opt for a all-out liquidation.
MER: Merrill had a quite week, adding about $1. They paid out a rather immaterial law suit to investors, which they shook off due to additional reports praising 2007 M&A activity.
C: Citigroup is currently getting slammed by the media for its mgmt problems, which eventually will blow over. Charles Prince is focusing on cutting expenses to be a more tight ship.
Rich
posted by Rich Golaszewski at
9:11 PM
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